Mgma Small Talk

In this episode of the MGMA Week in Review Podcast, hosts Daniel Williams, Colleen Luckett, and Christy Good discuss several key topics in the healthcare industry. The hosts cover the rising costs of malpractice insurance, the financial burden of cancer screenings, strategies for effective leadership in the C-suite, and updates on important Medicare reform bills in Congress.Major Takeaways:Malpractice insurance premiums have increased for 68% of medical groups, with an average rise of 11%. The insurance industry is adopting AI to improve risk assessment and underwriting decisions.Christy Good emphasizes the importance of a dual focus on quality of care and risk management to mitigate legal risks, including adhering to evidence-based practices, continuous monitoring of outcomes, and open communication.The annual cost of cancer screenings in the US is estimated at $43 billion. Experts advocate for more cost-effective screening strategies and improved access to ensure all individuals receive early detection serv